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Trader nets $233,000 from prediction markets in a daring weekend move, outsmarting bots
Source: CryptoNewsNet Original Title: Polymarket trader nets $233,000 from XRP markets in a daring weekend move, outsmarting bots Original Link: A savvy trader reportedly pulled off a high-stakes manoeuvre on the predictions platform Polymarket, pocketing $233,000 and outfoxing automated bots during quiet weekend trading. It has captured widespread attention, with some labeling it outright manipulation that demands disciplinary action.
The gambit took place late Saturday night, when trading volumes across the crypto ecosystem tend to be low, and small buy/sell orders often have an outsized impact on market prices.
The Playbook
Here’s how it unfolded, according to details shared by pseudonymous Polymarket traders in industry circles.